Bank Of America Global Markets Loan Operations Specialist 

United Kingdom, England, City of Westminster 

186461265

Responsibilities:

• Work closely with the Global Market Loan Origination business lines to review Credit Agreements for all Operational impacting elements in preparation for settlement
• Execute the settlement of transactions in the Loans system of record ACBS, ensuring that all economic components are correctly reflected
• Provide support to Loan Trading and Origination businesses and their clients to handle ad hoc queries and requests
• You will work closely with other internal and external teams: Loan Servicing, Loan Closing, Legal, Conflicts, Compliance, Tax, Notaries, Courts, and Agent Banks
• Responsible for verification and authorisation of cash payments
• Responsible for the monitoring & agreement of interest, default interest, repayments & dividends for distressed assets. Monitoring of loans trading positions under LMA & LSTA and bespoke documentation, for both performing and non-performing assets.
• Responsible for the agreement & payment of interest & repayments to the desks clients as sub participants.
• Responsible for the calculation & agreement of fees for the assets in position, and payments to the clients.
• Work closely with Corporate Actions team on Loan restructurings that impact desk and client positions

What we are looking for:

• You will have Global Markets loans experience
• You will have a good level of understanding of the secondary loan trading market and the forms of documentation used
• You will have client facing experience or ability to conduct discussions with Clients in a confident manner
• You will be risk focused - able to identify issues and escalate to management.
• You will work well in a team environment and maintain focus to achieve the goals of the team and the business.
• You will have the ability to interact positively and effectively with all levels of management and associates.

Skills that will help:

• Excellent Microsoft Office Skills: Excel, Word, Outlook
• Ability to work under pressure in a team environment during high volume periods.
• Excellent written/oral communication skills.
• Strong attention to detail and analytical skills.
• Excellent organizational and time management skills

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.